According to Decrypt's report from Foresight News, Yuga Labs CEO Greg Solano proposed an ApeCoin improvement proposal, planning to dissolve the ApeCoin DAO and transfer all assets and responsibilities to a new entity created by Yuga Labs called ApeCo. Greg Solano stated that this move aims to bring "clarity" and "strategic focus" to the ApeCoin ecosystem, focusing on supporting three key pillars: ApeChain, Bored Ape Yacht Club, and Otherside. If the proposal passes, the ApeCoin DAO will be completely dissolved, and all governance rights and previous proposals (except for executed contracts) will be revoked.
Yuga Labs CEO proposes to dissolve ApeCoin DAO and create a new entity ApeCo
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